Defi

Token

Test

Million

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>Curve Dao has a total TVL of $1.28 Billion, which has surged by 8% from the previous month.</a></li>
 <li><span>2</span> <a>The CRV token price is currently trading at nearly $0.4138, with a loss of 45% in the last one year.</a></li>
</ul>
<p>Curve is a decentralized exchange that uses AMM to manage liquidity across the platforms. It has gained solid attention by following its remit for stablecoin trading. On <strong>Curve Finance</strong>, the inflation tokens go to the users who provide liquidity. This usage is measured with gauges.&nbsp;</p>
<p>These liquidity gauges measure how much liquidity a user is providing. For a gauge to be able to receive <strong>CRV </strong>emissions, it must be added to the gauge controller. Meanwhile, <strong>Curve</strong> exists across several chains, with Ethereum being its primary chain.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="447" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-101-1024x447.png" alt="CRV" class="wp-image-208208" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-101-1024x447.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-101-300x131.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-101-768x335.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-101-1536x670.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-101-750x327.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-101-1140x497.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-101.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: curve.fi</p>
<p>The CRV token has a total supply of 2.1 billion, of which 62% is allocated to the community while 30% is allocated to the shareholders. This token is used to incentivize liquidity providers and lending markets.&nbsp;&nbsp;</p>
<p>Meanwhile, the <strong>Curve Pool</strong> creation interface allows anyone to create a <strong>Curve Pool</strong> with various assets. Let’s have a look at Curve’s on-chain data.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-curve-dao-net-revenue-declines-with-overall-profit-strong"><strong>Curve Dao Net Revenue Declines With Overall Profit</strong></h2>
<p>Curve Caters to anyone involved in Defi activities such as yield farming, liquidity mining, and more. The platform observed a net deposit of over $1.25 Billion in May, which declined by 9% from the previous month. The platform’s trading volume was around $5.54 Billion, which is 27% less than the previous month.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="655" height="340" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-102.png" alt="CRV" class="wp-image-208209" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-102.png 655w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-102-300x156.png 300w" sizes="(max-width: 655px) 100vw, 655px">
 </figure>
</div>
<p class="has-text-align-center">Source: Curve TVL By Artemis</p>
<p><strong><a href="https://www.thecoinrepublic.com/2024/02/07/curve-dao-token-forecast-will-crv-price-bounce-back-from-0-47/" target="_blank" rel="noopener noreferrer nofollow">Curve Dao</a> </strong>observed a fee collection of over $1.46 Million in May 2024, which has declined by 26% from the previous month as per the token terminal. It has collected a supply side fee of $736k with a total expenses of $6.03 Million in terms of expenses and incentives. The total earnings of the <strong>Curve platform </strong>were around -5.3 Million in the previous month, as per the token terminal.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="344" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-103-1024x344.png" alt="CRV" class="wp-image-208210" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-103-1024x344.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-103-300x101.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-103-768x258.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-103-750x252.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-103.png 1062w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: Curve Dex TVL by DefiLlama</p>
<p><strong>Curve DEX</strong> tota value locked (TVL) has seen no significant change since the start of 2024 and is near $2.06 Billion. Meanwhile, Curve LlamaLend has a TVL of $162 Million and has observed a strong gain in the last few months. Let’s look at the price action scenario of the CRV token.</p>
<h3 class="wp-block-heading" id="strong-will-the-crv-token-price-test-its-all-time-low-strong"><strong>Will the CRV Token Price Test Its All-Time Low?</strong></h3> 
<p><a href="https://in.tradingview.com/chart/CRVUSDT/VpETDTC5-</a> by <a href=" https: in.tradingview.com u ritika_tcr rel="noopener noreferrer nofollow">Ritika_TCR</a> on <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow">TradingView.com</a></p> 
<p><strong>Curve Dao</strong> has a market cap of $509 Million and is ranked 134th in the cryptoverse. A gain of 134% in volume was recently observed, with a VM ratio of 0.2. The CRV token price is currently trading near the value of $0.4119, with a drop of 10% in the intraday session.</p>
<p><strong>The CRV token</strong> price formed bullish, engulfing candles on the daily chart. It is trading below the 50 and 100 EMA on the daily chart. The downside trend of the <strong>CRV token</strong> price can see support near the value of $0.35. Meanwhile, the upside trend of the asset price can see a halt near $0.5</p>
<p>The RSI of CRV is near 36, with a negative slope suggesting its presence in the oversold zone. The overall sentiment of the RSI is bearish.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Curve Dao has been seeing a decline in overall revenue and active users. Curve Dex TVL has remained constant for the last one year. The CRV token price has recently seen a major dip but can see a recovery in the near future.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

CRV Price Couldn’t Pick Up Momentum, Will It Go Below All-Time Low?

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